Chemplast Sanmar Limited — Credit Ratings, 17-09-2025: Credit Rating- Revision

CRISIL Ratings revised Chemplast Sanmar's long-term outlook to Negative from Stable and downgraded its short-term bank facilities to A1. Its A+ long-term rating is reaffirmed. This reflects expected profit pressure from weak PVC prices due to cheap imports and delayed anti-dumping duties. Increased debt from ongoing expansion projects also impacted the assessment.